China July trade data, exports +7.2% y/y in USD terms

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USD-denominated terms, following up from the ‘yuan terms’ data posted a few minutes ago

  • China trade balance $62.33bn: expected $42.6bn, prior was $46.42bn
  • Exports +7.2% y/y: expected -0.6%, prior 0.5%
  • Imports -1.4% y/y: expected 0.9%, prior was 2.7%

Big, big beat for exports.

Data from China is sometimes thought to be a little suspect in terms of veracity. 

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